Gold had run up into my area of interest last week, so im on the sidelines till wednesday news, and probally get some scalps. Price break 4hR ST so ill see if it wants to chase more SSL.
want to see a some form of retracement in next week for gold to go higher above the black line taking liquidity .
yesterday i mention that gold will likey continue its higher trend and it has done so.
gold has come to my area of interest on the HIGHER time frame which can give me a bullish trend, taking out outstanding liquidity above old highs
trade outline but missed for a short in gold which outline but im long term bullish on gold
PRICE didnt go higher as i wanted it to . if you look a DXY there was some unfinished business that need to be dealt with. took a short from a long loss which is pretty decent.
As price came into the area of my interest im looking to go long with the consolation range higher to take liquidity
while dxy making its lows , eurusd seems to be in a consolidaton due to seasonal reason. Dont force any trades if you dont kn what your doing. Shows that price is touch ict ob on the 4hr, will it want to go higher with a bullish trend ? not calling the top as yet on this pair.
as there been talks about gold backing some digital currency im bullish on something that has value haha. Missed the long but theres always a retrace hehe .
LOOKIING to short this pair down to my objective which is the black line.
As gold went in to a deep discount last week, we stay on the sidelines and see if it wants to retrace higher as its in a large consolidation on a higher time frame. if gold wants to go lower we look at the black line where liquidity resides and go short to the level. But for now we wait for confirmation of direction.
will dow go lower or retrace back higher taking out the sellers, lets see what sunday open brigs and a new week ahead.
Eurusd has been seeking lower lows taking out anyone going long on this pair, as price retrace last week into a key area bullishly , we want to see if we get a reaction going back to the downside. if not we look and see what buy side liquidity it wants to take out.
Dxy has been bullish for a while and we aint calling no tops. dxy retrace back into a key area on the higher time frame im looking to see if it wants to go higher so look for trades that suports a bullish run.
Still bearish on this pair so looking to take this swing to previous low. while its going down I will be taking partials
AS PRICE RETRACE im looking to take another short down at the green line. strong bearish ,we dont pick the bottoms that how you get killed haha